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| --- | --- | --- |
| 5.4 |  | **Payment of Purchase Price** |
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|  |  | Subject to the provisions of this Agreement, on the Delivery Date in respect of an Aircraft
the Purchaser of such Aircraft shall pay to the Seller of such Aircraft (the “**Net Purchase
Price**”) an amount equal to the Purchase Price of such Aircraft less the amount of (i) the
Deposit in respect of such Aircraft, (ii) if held in cash, the Lease Security Deposit
applicable to such Aircraft to the extent then held by such Seller at such Delivery Date,
(iii) if Supplemental Rent is payable under the relevant Lease in respect of such Aircraft,
the accrued Supplemental Rent amounts (but only to the extent not already made available,
refunded or paid to the relevant Lessee as required by the express provisions of the
relevant Lease) to the extent then held by such Seller at such Delivery Date and (iv) any
Rent received by Seller in respect of the relevant Aircraft relating to the period after the
Delivery Date. The time of payment shall be of the essence of this Agreement. |
|  |
| 5.5 |  | **Payments** |






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| --- | --- | --- | --- |
|  | 5.5.1 |  | All payments by any party to any other party under this Agreement and the
other Transaction Documents will be made for value on the due date in Dollars and in
immediately available funds settled through New York Clearing House System or such
other funds as may for the time being be customary for the settlement in New York City
of payments in Dollars and by wire transfer to: |